Paragraph 10

In Clause 46, the following definitions of terms shall be inserted in alphabetical sequence and the existing definitions (if any) of the like terms shall be deleted:

• ““Approval” means the approval of the Scheme as an exempt approved scheme for the purposes of Chapter I of Part XIV of the Taxes Act 1988;

• “Association Services” means Electricity Association Services Limited (registered number 2366837);

• “Consent” means the written consent of all the Principal Employers;

• “Financial Group Company” has the meaning ascribed to the term “group company” by Part VII of Schedule 4 to the Companies Act 1985;

• “Prejudice the Scheme” means prejudice the Approval or Status of the Scheme; and cognate expressions, including but not limited to “Prejudicing the Scheme” and “the Scheme will be Prejudiced”, shall be construed accordingly;

• “Protected Member” means a Member to whom the provisions of sub-paragraph (1) of paragraph 3 of Schedule 14 to the Electricity Act apply from time to time and to whom that sub-paragraph shall not have ceased to apply pursuant to sub-paragraph (3) of such paragraph (to the extent therein provided);

• “Schedule” means a schedule to the Scheme;

• “Status” means the status of the Scheme as a contracted-out scheme for the purposes of the Pensions Act;

• “subsidiary” shall have the meaning ascribed to such expression by Section 736 of the Companies Act 1985;”.